Borrower Debt definition

Borrower Debt means the Borrower's indebtedness outstanding from time to time under the Borrower Facility.

Borrower Debt means all Indebtedness of Borrower, on a consolidated ------------- basis, and Borrower's Share of the Indebtedness of any Investment Affiliate (without offset or reduction in respect of prepaid interest, restructuring fees or similar items).

Borrower Debt means the Borrower’s indebtness outstanding from time to time under the Borrower Facility.

Examples of Borrower Debt in a sentence

• For example, the initial quorum in relation to a decision on whether to enforce the security would be Participating QBS Creditors representing 25 per cent of the Outstanding Principal Amount of all Qualifying Borrower Debt and the corresponding initial required percentage would be 25 per cent of the Voted Qualifying Debt.

• As a consequence, as long as a Borrower Event of Default does not occur, the Issuer will not be exposed to currency or interest risk regarding the Borrower Debt and the International Covered Bonds.However, there can be no assurance that the Home Loans that are part of the Collateral Security will bear interest under the same terms and conditions as the International Covered Bonds and will be denominated in the same currency as the International Covered Bonds.

• Qualifying Debt) below in respect of the Issuer and the Non-Migrated Bondholders, a single vote by reference to the entire Outstanding Principal Amount of the Qualifying Borrower Debt of the applicable Participating QBS Creditors will be counted for or, as the case may be, against the applicable STID Proposal, SSA Instruction Notice, Emergency SSA Instruction Notice, Enforcement Instruction Notice, Further Enforcement Instruction Notice, Intercreditor Instruction Notice or Direction Notice.

• The votes of Participating QBS Creditors will be cast by the applicable Participating QBS Creditors (through their Secured Creditor Representatives on their behalf) in accordance with (i) Clause 11 (Tranching of Qualifying Borrower Debt and Determination of Voting Qualifying Debt) below and (ii) in the case of any Authorised Credit Facility provided other than on a bilateral basis, any minimum quorum and voting majorities specified in the relevant Authorised Credit Facility.

• The Borrower Security Trustee will be entitled to rely on any certificate received in connection with this Clause 7.8 (Information) or otherwise under this Deed (including any certificate delivered pursuant to Clause 10.2 (Notification of Outstanding Principal Amount of Qualifying Borrower Debt)) without incurring any liability to any person for so relying and will have no duty to enquire as to the accuracy or validity of any such certificate.

More Definitions of Borrower Debt

Borrower Debt means the Borrower's indebtness outstanding from time to time under the Borrower Facility. "Business Day" means:

Borrower Debt has the meaning specified in the definition of “Reference Ratings” in this Section.

Borrower Debt means (without duplication) all Indebtedness of Borrower or any Subsidiary of Borrower, without offset or reduction in respect of prepaid interest, restructuring fees or similar items MINUS, in the case of Nonrecourse Indebtedness of a Partnership that is otherwise included in Indebtedness of Borrower, the amount of such Indebtedness in excess of Borrower's Share thereof, provided, however, Borrower Debt shall not include Indebtedness consisting of an Accommodation Obligation with respect to the Indebtedness of a Simon Partnership.

Borrower Debt means, as of any date of determination, the aggregate stated balance sheet amount of all Indebtedness and other amounts that, in accordance with GAAP, would be classified as indebtedness on a stand-alone balance sheet of each Borrower (including all L/C Obligations but excluding (i) any unused Revolving Commitments and (ii) any Permitted Subordinated Indebtedness. For the avoidance of doubt, “Borrower Debt” shall not include any Permitted Project Debt (including any guarantees or indemnities with respect to such Permitted Project Debt) for which there is no recourse to either Borrower.

Borrower Debt means, with respect to the Borrower, at any date, without duplication, (a) all obligations of the Borrower for borrowed money or in respect of loans or advances (including any such obligation issued by the Borrower that qualifies as any note, bond or other Debt instrument or any swap or other similar agreement which has a catastrophe, weather or other risk feature linked to payments thereunder (“Borrower Catastrophe Bonds”) net of any escrow established (whether directly or to secure any letter of credit issued to back such Borrower Catastrophe Bond) in connection with such Borrower Catastrophe Bonds); (b) all obligations of the Borrower evidenced by bonds, debentures, notes or other similar instruments; (c) all obligations in respect of letters of credit which have been drawn but not reimbursed by the Person for whose account such letter of credit was issued, and bankers’ acceptances issued for the account of the Borrower; (d) all obligations in respect of capitalized leases of the Borrower; and(e) the termination value in respect of hedging agreements of the Borrower.

Borrower Debt the sum of the principal balance owed by Borrower under the Construction Facility and this Term Credit Agreement.

Borrower Debt means, as of any date of determination, the aggregate stated balance sheet amount of all Indebtedness and other amounts that, (in each case) in accordance with GAAP, would be classified as indebtedness on a stand-alone balance sheet of each Borrower (including all L/C Obligations but excluding (i) any unused Revolving Commitments and, (ii) any Permitted Subordinated Indebtedness or (iii) Indebtedness of US Borrower owed to a Japanese Subsidiary of US Borrower to the extent permitted pursuant to Section 6.1(m)). For the avoidance of doubt, “Borrower Debt” shall not include any Permitted Project Debt (including any guarantees or indemnities with respect to such Permitted Project Debt) for which there is no recourse to either Borrower (other than recourse limited to pledges of Capital Stock or intercompany debt).